EXHIBIT 12

NATIONAL FUEL GAS COMPANY

COMPUTATION OF RATIO OF

EARNINGS TO FIXED CHARGES

UNAUDITED

	For the Twelve Months Ended September 30, 2013			Fiscal Year Ended September 30,
				2012			2011			2010			2009
EARNINGS:
Income from Continuing Operations	$	260,001		$	220,077		$	258,402		$	219,133		$	103,484
Plus Income Tax Expense		172,758			150,554			164,381			137,227			52,859
Less Investment Tax Credit(1)		(426	)		(581	)		(697	)		(697	)		(697	)
(Less Income) Plus Loss from Unconsolidated Subsidiaries(3)		204			1,442			759			(2,488	)		(1,562	)
Plus Distributions from Unconsolidated Subsidiaries		—			—			4,278			2,600			2,900
Plus Interest Expense on Long-Term Debt		90,273			82,002			73,567			87,190			79,419
Plus Other Interest Expense		3,838			4,238			4,554			6,756			7,370
Less Amortization of Loss on Reacquired Debt		(721	)		(1,093	)		(1,093	)		(1,093	)		(1,124	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		827			1,231			1,037			323			1,174
Plus (Less) Other Capitalized Interest		1,801			2,992			1,516			1,056			—
Plus Rentals(2)		14,204			12,958			5,003			1,707			1,867
	$	542,759		$	473,820		$	511,707		$	451,714		$	245,690
FIXED CHARGES:
Interest & Amortization of Premium and Discount of Funded Debt	$	90,273		$	82,002		$	73,567		$	87,190		$	79,419
Plus Other Interest Expense		3,838			4,238			4,554			6,756			7,370
Less Amortization of Loss on Reacquired Debt		(721	)		(1,093	)		(1,093	)		(1,093	)		(1,124	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		827			1,231			1,037			323			1,174
Plus (Less) Other Capitalized Interest		1,801			2,992			1,516			1,056			—
Plus Rentals(2)		14,204			12,958			5,003			1,707			1,867
	$	110,222		$	102,328		$	84,584		$	95,939		$	88,706
RATIO OF EARNINGS TO FIXED CHARGES		4.92			4.63			6.05			4.71			2.77

(1)  Investment Tax Credit is included in Other Income.

(2)  Rentals shown above represent the portion of all rentals (other than delay rentals) deemed representative of the interest factor.

(3)  Fiscal 2009 includes an impairment of an investment in a partnership of $1,804.

Plus (Less) Other Capitalized Interest	1,801		2,992		1,516		1,056		—
Plus Rentals (2)		14,204		12,958		5,003		1,707		1,867
	$	110,222	$	102,328	$	84,584	$	95,939	$	88,706
RATIO OF EARNINGS TO FIXED CHARGES		4.92		4.63		6.05		4.71		2.77
(1) Investment Tax Credit is included in Other Income.
(2) Rentals shown above represent the portion of all rentals (other than delay rentals) deemed representative of the interest factor.
(3) Fiscal 2009 includes an impairment of an investment in a partnership of $1,804.